May US storms to cost insurers $4bn: Aon Benfield
Storms which ravaged the US through May are likely to cost the insurance sector as much as $4bn according to Aon Benfield’s cat model centre.
The Moore tornado, which hit the Oklahoma City suburb on 21 May damaging 13 000 homes and other structures, is likely to generate an insured loss of $2.5bn on its own.
The month also saw a US-record 2
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